Want your kids to do better than you financially? Want them to keep a budget and invest in their future? Financial education is key. While it’s never too late to learn, the earlier you learn financial literacy, the greater the long-term impact. That’s why we've compiled money methods to teach your kids about finances at every age.
Last week we talked about ideas to teach toddlers through the fifth grade about money. This week we go all the way to high school.
Sixth to Eighth Grade
At this stage, you’ve established a lot of great money principles for your middle-schooler. The next stages focus on expanding on those basics concepts with income, budgeting and contentment.
Looking to check your child’s financial literacy progress? Jump$tart Coalition created national standards for educators to set financial literacy goals. It’s a good goal for parents too. The benchmarks by eighth grade include:
Learning how to handle money is a lifelong process. However, the earlier your child embraces good financial habits, the more likely they are to find financial success.
(Partially reprinted from www.moneygeek.com)
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